Hsbc Holdings PLC Makes New Investment in Clearwater Analytics Holdings, Inc. $CWAN

Hsbc Holdings PLC bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 1,530,460 shares of the company’s stock, valued at approximately $36,096,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Clearwater Analytics by 1,027.1% in the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after acquiring an additional 121,043 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Clearwater Analytics during the first quarter valued at approximately $208,000. Woodline Partners LP increased its stake in Clearwater Analytics by 75.2% in the first quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after purchasing an additional 8,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Clearwater Analytics by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock worth $12,309,000 after purchasing an additional 6,826 shares during the period. Finally, M&T Bank Corp raised its holdings in Clearwater Analytics by 51.8% in the second quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock worth $289,000 after purchasing an additional 4,492 shares during the period. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $24.56 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market capitalization of $7.33 billion, a P/E ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The company’s 50 day moving average price is $24.43 and its two-hundred day moving average price is $24.03. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $24.56.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 74.4% compared to the same quarter last year. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director D Scott Mackesy sold 633,879 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 653,879 shares of company stock worth $15,890,160 over the last ninety days. 3.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CWAN has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.98.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.